Analyst Rating Coverage
KGI Securities (Rank#168) just released a research report on Monday June 12th, and upgraded Tesla’s stock rating from a Neutral to Outperform. In addition to this optimistic shift, the firm has also raised its 12-month target forecast for Tesla’s stock price from $196 to $335.
KGI Securities’ decision to upgrade Tesla’s stock rating and raise the 12-month target forecast signifies a vote of confidence in the company’s growth potential. The upgraded target of $335 indicates that KGI Securities anticipates a significant increase in Tesla’s stock price in the coming year.
This upgrade is likely to attract the attention of other investors, potentially leading to increased demand for Tesla’s shares. The heightened investor interest, coupled with positive sentiment surrounding Tesla’s prospects, could result in further price appreciation and potentially continue to drive the stock higher.
TSLA Stock Forecast & Analysis
According to the Tesla Inc stock forecast from 48 analysts, the average analyst target price for Tesla Inc over the next 12 months is USD 207.18. This average is derived from the consensus of these analysts, who have conducted extensive research and analysis to determine their individual price targets. It is important to note that these price targets represent the analysts’ expectations for the stock’s future performance and are subject to change as new information becomes available.
Furthermore, Tesla Inc’s average analyst rating is Buy. This rating reflects the overall sentiment among analysts that investing in Tesla’s stock is advisable. It indicates that, based on their analysis of the company’s financials, industry trends, and growth potential, analysts believe Tesla’s stock has the potential to outperform the broader market.
Stock Target Advisor provides its own stock analysis of Tesla Inc, describing it as Slightly Bullish. This analysis is based on evaluating 11 positive signals and 5 negative signals related to the company. These signals could include factors such as financial performance, competitive positioning, product innovation, market trends, and management effectiveness. The Slightly Bullish analysis suggests that, overall, the signals are slightly skewed towards a positive outlook for Tesla’s stock.
Considering recent market performance, Tesla Inc’s stock price at the last closing was USD 244.40. The stock price reflects the value at which Tesla shares were traded on the stock market. Over the past week, the stock price has increased by +14.22%, indicating a significant upward movement in a relatively short period. The +42.03% change over the past month and +5.24% change over the last year further demonstrate positive momentum in Tesla’s stock performance.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
